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Airdrop

An Airdrop is a distribution of free tokens to a community, typically used as a marketing tool or a reward for early protocol adopters and testers. In 2026, the "points-to-airdrop" model has matured into merit-based incentive programs that utilize Sybil-resistance and Proof-of-Humanity to filter out bots. Airdrops remain a primary method for decentralized governance (DAO) bootstrapping. Follow this tag for the latest on retroactive rewards, eligibility criteria, and how to participate in the most anticipated token distributions in the ecosystem.

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Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
PA Daily News | Upbit Suspends Access After 54 Billion Won Asset Theft by Solana; Do Kwon Says 5-Year Imprisonment Sufficient for Terra Case

PA Daily News | Upbit Suspends Access After 54 Billion Won Asset Theft by Solana; Do Kwon Says 5-Year Imprisonment Sufficient for Terra Case

Today's top news highlights: BlackRock's SIO fund's IBIT holdings have increased to 2.39 million units, a quarterly increase of approximately 14%. Do Kwon stated that a five-year prison sentence would be sufficient to address the Terra fraud case. Tom Lee appears to have abandoned his prediction that Bitcoin will reach $250,000 by the end of the year. Binance HODLer airdrop launches APRO (AT) Tether's CEO responded to S&P's ratings: "We are proud of your hatred," acknowledging the flaws in traditional rating models. Solana ecosystem tokens surged on Upbit, with ORCA and MET2 rising by over 90%. Upbit: Approximately 54 billion Korean won in assets were stolen from Solana; access has been suspended and a full investigation is underway. A data dashboard released by the founder of Hashed shows that Ethereum is undervalued by 56.9%. Macro Do Kwon stated that a five-year prison sentence would be sufficient to address the Terra fraud case. According to Bloomberg, Terra founder Do Kwon stated in an interview that he believes the five-year prison sentence for the Terra crypto fraud case is sufficient. Previously, the Terra ecosystem experienced market turmoil due to the collapse of the UST stablecoin, resulting in huge losses for investors and sparking widespread controversy. The final verdict in the case is still pending. Visa partners with AquaNow to speed up settlements using stablecoins. According to Jinshi News, Visa (VN) has partnered with AquaNow to enable faster settlements by using stablecoins. Bank for International Settlements report: Tokenized money market funds surpass $9 billion in size. According to Cryptopolitan, a recent report from the Bank for International Settlements (BIS) indicates that total assets in tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral for the crypto ecosystem. The institution warns that while these assets offer the "flexibility of stablecoins," they also bring substantial operational and liquidity risks. The BIS identifies liquidity mismatch as a major risk of tokenized money market funds. It points out that although investors can redeem their tokenized fund units daily, the underlying assets still adhere to the traditional T+1 settlement mechanism. During periods of market stress, concentrated redemption demand will expose this structural risk. The organization further notes that the market is still in its early stages, and solutions are constantly being refined, such as the Distributed Ledger Repurchase (DLR) system launched by fintech company Broadridge, which enables same-day settlement of tokenized government bond transfers. Australia is strengthening its regulation of cryptocurrency platforms through legislation. According to Decrypt, Australia is strengthening its regulation of crypto exchanges and custody platforms through legislation. The government says the bill, which imposes millions of dollars in fines on companies that fail to protect customer assets, is expected to unlock $24 billion in productivity gains annually. On Wednesday, Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino introduced the Corporations Act Amendment (Digital Asset Framework) Bill 2025, which establishes the country's first comprehensive regulatory framework for businesses holding digital assets on behalf of customers. The bill was introduced and completed its first reading on Wednesday, entering its second reading on the same day. The bill introduces two new categories of financial products under the Corporations Act. Digital asset platforms cover venues where operators hold customers' crypto assets and provide trading functionality, such as transfers, buying, selling, or staking. Tokenized custody platforms handle real-world assets such as bonds, property, and commodities; licensed operators must hold each underlying asset and issue a single redeemable token that customers can redeem for its original form. Platforms must hold an Australian Financial Services License and comply with the Australian Securities and Investments Commission (ASIC)'s custody and settlement standards, including how to protect assets, execute trades, process customer instructions, and obtain liquidity. Low-risk operators with average client assets below $5,000 and transaction volume below $10 million are exempt from full licensing. Ripple's stablecoin RLUSD has been approved for use as a recognized fiat-pegged token in the Abu Dhabi Global Market. According to official sources, Ripple has announced that its USD-backed stablecoin, Ripple USD (RLUSD), has been recognized as an “approved fiat-pegged token” by the Abu Dhabi Financial Services Regulatory Authority (FSRA) and can be used within the Abu Dhabi Global Market (ADGM), an international financial center in Abu Dhabi, the capital of the United Arab Emirates (UAE). Starting today, Tether will suspend redemption services for its Euro stablecoin EURT. According to its official blog, Tether has released a final update on the previously announced discontinuation of its Euro stablecoin, EURT. As part of the finalization process, Tether will cease redemption services for EUR₮ on all supported blockchains on November 27, 2025. Tether had previously stopped minting EURT, with the last subscription request processed in 2022, and no new EURT issuance applications will be accepted. Last November, Tether announced it was ceasing EURT issuance due to the European regulatory environment. The United States will extend some tariff exemptions on Chinese goods until November 10, 2026. According to Jinshi News, on November 26 local time, the Office of the United States Trade Representative announced that it would extend the tariff exemptions imposed under Section 301 investigations concerning Chinese technology transfer and intellectual property rights until November 10, 2026. The existing exemptions were originally scheduled to expire on November 29 of this year. The World Federation of Exchanges is urging the U.S. Securities and Exchange Commission (SEC) not to allow crypto companies to "bypass" the rules. According to Reuters, the World Federation of Exchanges (WFE), an international non-profit organization of major global stock exchanges, stated in a letter to the U.S. Securities and Exchange Commission (SEC) this week that the regulator's proposed plan to allow crypto companies to sell "tokenized" stocks without regulation could harm investor interests. Several crypto companies plan to sell crypto tokens linked to listed stocks; however, to sell such products in the U.S., unregistered crypto companies need a no-action letter or exemption from the SEC. SEC Chairman Paul Atkins stated that the agency is working on developing an "innovation exemption" provision in securities law to allow crypto companies to experiment with new business models. The WFE letter points out that exemptions could pose risks to market integrity and weaken investor protection. WFE CEO Nandini Sukumar stated, "The SEC should avoid granting exemptions to companies attempting to circumvent regulatory principles that have protected markets for decades." The SEC published the WFE letter on its website but declined to comment. James Auliffe, head of the WFE's technical working group, stated, "We and cryptocurrency platforms should compete on a level playing field, and we should be subject to the same rules." JPMorgan expects the Federal Reserve to cut interest rates in December, overturning its forecast from a week ago. According to Jinshi News, JPMorgan Chase economists have revised their forecasts, now believing the Federal Reserve will begin cutting interest rates in December, reversing the bank's assessment a week earlier that policymakers would postpone rate cuts until January. A research team led by the bank's chief U.S. economist, Michael Feroli, said on Wednesday that statements from several key Fed officials (particularly New York Fed President Williams) supporting recent rate cuts prompted them to reassess the situation. Following the delayed release of the September jobs report last week, JPMorgan Chase had initially predicted that interest rates would remain unchanged in December. Currently, JPMorgan Chase expects the Fed to implement two 25-basis-point rate cuts, one in December and one in January. "We are re-locking our final rate cut timing to January," Feroli wrote in a report to clients. "While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tipped the scales in favor of a December rate cut." Federal Reserve Beige Book: Economic activity was largely unchanged in recent weeks, but consumer polarization intensified. According to Jinshi News, the Federal Reserve's Beige Book showed that U.S. economic activity remained largely unchanged in recent weeks, with overall consumer spending declining further except for high-end consumers. The Beige Book noted a slight weakening in the U.S. job market and moderate price increases. The Fed stated in the report, "The overall economic outlook remains stable, with some surveyed businesses warning of risks of an economic slowdown in the coming months, while the manufacturing sector expressed cautious optimism." Due to the disruption of key economic data collection caused by the longest government shutdown in U.S. history, which lasted until November 12, field surveys reflecting the actual situation of businesses and consumers have been closely watched in recent months. Fed officials will not be able to obtain complete labor market and inflation data for October and November before the December policy meeting. Opinion Analysis: Bitcoin faces selling pressure related to ETFs around $95,000, which may reinforce its range-bound trading pattern. Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin stabilized after a slight rebound, which appears to be related to improved risk sentiment rather than specific crypto-related drivers. Meanwhile, the stock market rose slightly, and the market currently estimates an 85% probability of a December rate cut. Inflation remains stubbornly high, and labor market data continues to be weak, including rising unemployment. The balance in statements from Federal Reserve officials has tilted slightly towards easing. Given the limited number of other important economic data releases this week, market attention will turn to the jobless claims and ADP employment report to be released later this week. The widening of AI-related credit default swaps (CDS) and technology credit spreads indicates that investors are reassessing this dominant macroeconomic driver. Crypto ETFs continue to see net outflows, and several digital asset products have been liquidated. Most products are currently trading below $1 per unit of net asset value, reflecting increased risk aversion in the market. With Strategy's Bitcoin reserves nearing break-even and its stock placed on MSCI's delisting watch list, Strategy's problems are once again under scrutiny. As the year draws to a close, Bitcoin faces the dual impact of negative capital flows and supportive option structures. The correlation between AI-related stocks has increased, while the Fear & Greed Index has declined. Demand for downside protection remains high, and although open interest still leans towards call options, both position size and implied volatility have decreased. A rebound in Bitcoin prices to around $95,000 could encounter ETF-related selling pressure, reinforcing its range-bound trading pattern. Following the recent sharp decline, the $80,000 to $82,000 range remains a key support level. The crypto market continues to serve as a barometer of overall market risk appetite, with macroeconomic drivers still firmly controlling market direction. Cathie Wood: Crypto Liquidity Tightening May Reverse in the Coming Weeks Cathie Wood, founder of Ark Invest, posted on the X platform that the liquidity crunch in the AI and crypto industries may reverse in the coming weeks, a view that seems to be shared by the market. It is understood that Ark Invest had previously begun buying on dips in several crypto-related stocks, including Block, Circle, Coinbase, Bullish, and Robinhood. Tom Lee appears to have abandoned his prediction that Bitcoin will reach $250,000 by the end of the year. According to Cointelegraph, BitMine Chairman Tom Lee appears to have abandoned his widely touted prediction that Bitcoin would reach $250,000 by the end of the year. He now only states that Bitcoin "might" return to its all-time high of $125,100 reached in October by the end of the year. In an interview with CNBC on Wednesday, Lee said, "I think there's still a good chance that Bitcoin will break $100,000 by the end of the year, and it might even reach a new high." This appears to be the first time Lee has publicly downplayed his target of $250,000 by the end of the year, a target he proposed in early 2024 and continued to reiterate in early October. Tether's CEO responded to S&P's ratings: "We are proud of your hatred," acknowledging the flaws in traditional rating models. Tether CEO Paolo Ardoino responded to S&P's rating on the X platform, stating: "We are proud of your 'hatred' for Tether. Those classic rating models designed for traditional financial institutions have historically led countless individuals and institutions to invest in companies that, despite receiving investment-grade ratings, ultimately failed. This has prompted global regulators to question these models themselves, as well as the so-called independence and objective assessment capabilities of all major rating agencies. When a company attempts to challenge the 'gravity' of this broken financial system, the propaganda machine of traditional finance becomes increasingly anxious—no company should dare to decouple from it. Tether, however, has built the first company in the financial industry that is over-capitalized and does not hold any toxic reserve assets. And we still maintain extremely high profitability. Tether itself is a living example that the traditional financial system is so riddled with holes that even those nominal 'emperors' are beginning to fear it." Previously, S&P Global downgraded USDT's stability rating to the lowest level, warning of the risks of Bitcoin exposure. Project Updates Binance HODLer airdrop launches APRO (AT) Binance announced the official launch of APRO (AT), the 59th HODLer airdrop project. This project is a data oracle protocol that provides real-world information to blockchain networks. Users who subscribe to principal-protected earning products (fixed-term or flexible) or on-chain earning products using BNB between 08:00 on November 4th and 07:59 on November 7th, 2025, will receive an AT airdrop allocation. The AT deposit channel will open at 18:30 on November 27th and trading will commence at 22:00, supporting USDT, USDC, BNB, and TRY trading pairs, subject to seed tag trading rules. The total supply of AT tokens is 1 billion, with 2% allocated to the HODLer airdrop and 23% in circulating supply. Bithumb will launch the IRYS Korean Won trading pair. Bithumb announced that it will launch the IRYS Korean Won trading pair. Binance Alpha will launch on GaiAi (GAIX) on November 29th. Binance Alpha will list GaiAi (GAIX) on November 29th, marking the platform's first foray into the project. Eligible users can claim airdrop rewards using Binance Alpha Points through the Alpha Events page after trading begins. Upbit: Approximately 54 billion won in assets were stolen from Solana; access has been suspended and a full investigation is underway. South Korean cryptocurrency exchange Upbit has announced that it has suspended deposit and withdrawal services and is conducting a comprehensive investigation. Around 04:42 local time on November 27, 2025, Upbit confirmed that 54 billion Korean won (approximately US$36.81 million) of Solana network-related assets were transferred to an unknown external wallet. The digital assets involved include 2Z, ACS, BONK, DOOD, DRIFT, HUMA, IO, JTO, JUP, LAYER, ME, MEW, MOODENG, ORCA, PENGU, PYTH, RAY, RENDER, SOL, SONIC, SOON, TRUMP, USDC, and W. To protect user assets, Upbit immediately took the following measures: 1. All assets have been transferred to a secure cold wallet to prevent further abnormal transfers; 2. On-chain freezing attempts have been initiated, and cooperation with law enforcement investigations is underway; 3. A comprehensive security check of deposits and withdrawals is being conducted. Upbit stated that it has confirmed the scale of the losses caused by the abnormal withdrawals and plans to fully compensate for them using its own assets to ensure that user assets are not affected. Bithumb will discontinue its Tether-based order book sharing service under regulatory pressure. According to DL News, South Korean financial regulators have urged Bithumb to suspend its Tether (USDT) market service, which allows customers to buy and sell Bitcoin and nine high-market-cap altcoins using USDT. Bithumb stated that the service is still in the testing phase and that it has reached an order book sharing agreement with Australian cryptocurrency exchange Stellar. Due to system maintenance, Bithumb plans to shut down the service on November 28th for restructuring to "provide a more stable and advanced trading environment," adding that it will announce the reopening date separately. Some analysts believe this move may stem from regulators' distrust of the exchange's ability to fulfill anti-money laundering obligations, potentially leading to the termination of order book sharing with international partners. Sources indicate that the crypto industry generally believes Bithumb has effectively abandoned the service after two months of intensive investigation and pressure from financial regulators. Shortly after launching its USDT market service, the Financial Intelligence Unit (FIU) summoned the exchange's CEO, expressing concerns that the service could expose domestic customers to personal data breaches and money laundering risks. According to South Korean media outlet Newsis, Bithumb also underwent additional on-site inspections by the FIU regarding its order book. Lido's new proposal suggests expanding the business to a broader DeFi product portfolio and outlines four strategic goals for 2026. The Lido community has released the "GOOSE-3" proposal, aiming to expand its business from a single staking product to a broader portfolio of DeFi products. For the 2026 cycle, the proposal sets four main goals: expanding the staking ecosystem, ensuring protocol resilience (Lido Core upgrade), expanding new revenue streams for the DAO—Lido Earn, and exploring vertical expansion and real-world business applications. The proposal also outlines a three-year vision, including: making staking a mature and profitable product line; strengthening sustainability and driving revenue growth through vertical (building end-products) and horizontal (expanding into new assets such as stablecoins); and becoming a major gateway for real-world capital into DeFi. The proposal was submitted to the Lido DAO by the Lido Labs Foundation, the Lido Ecosystem Foundation, and the Lido Alliance BORG, all of which are funded by the Lido DAO. The proposal states that if adopted, the Lido DAO will adopt this goal as a strategic direction by expanding its staking product line, developing end-user products that unlock higher value, broadening its product range, attracting new demand, and diversifying its revenue streams. A data dashboard released by the founder of Hashed shows that Ethereum is undervalued by 56.9%. According to Beincrypto, Simon Kim, founder of venture capital firm Hashed, has launched a real-time dashboard that estimates Ethereum's fair value at $4,747.4. With Ethereum currently trading at $3,022.3, this tool indicates that Ethereum is undervalued by 56.9%. The dashboard updates every two minutes and uses eight different valuation models. The Ethereum valuation dashboard blends traditional financial and crypto-native analytical methods. It employs eight models to assess Ethereum's intrinsic value, including three traditional financial methods: discounted cash flow (DCF, relying on staking yield), price-to-earnings ratio (P/E, set at 25x), and revenue yield analysis; and five crypto-specific metrics: TVL multiple, staking scarcity, market capitalization and TVL fair value, Metcalfe's Law, and Layer 2 ecosystem valuation. Important data Solana ecosystem tokens surged on Upbit, with ORCA and MET2 rising by over 90%. This morning, Upbit discovered that approximately 54 billion Korean won (about $36 million) of Solana network assets had been transferred to an unknown external wallet. Affected assets include multiple Solana ecosystem tokens such as ORCA, DOOD, RAY, and LAYER. Upbit has suspended all deposits and withdrawals and is conducting a comprehensive system check. Currently, the prices of low-market-cap Solana project tokens on the Upbit platform have surged, with ORCA up 92.51%, MET2 up 94.41%, and RAY up 51.07%. Previously, Upbit reported that approximately 54 billion Korean won of Solana network assets had been stolen and that deposits and withdrawals had been suspended for a comprehensive investigation. Beosin: After Upbit was hacked for approximately 54 billion Korean won, a Binance address received the stolen OL in batches. According to Beosin Trace's analysis, Upbit experienced an abnormal outflow of approximately $36 million (about 54 billion Korean won) in crypto assets from the Solana network, and some of the funds have already begun to be transferred. Among them, a Binance exchange user address (2zRELfpr2KUyLoCAbo9KDTFFNXTP3JjFE3GZLxAgC2S8) received the abnormal outflow of $SOL from Upbit from multiple intermediary addresses after the incident, currently receiving a total of $2202.72 $SOL (worth approximately $315,000). Earlier today, Upbit reported that approximately 54 billion Korean won in assets had been stolen from the Solana network and that it had suspended deposits and withdrawals to conduct a comprehensive investigation. IRYS surged 18.6% in a short period, reaching a high of $0.052. According to Binance Alpha data, IRYS briefly surged 18.6%, reaching a high of $0.052, and is currently trading at $0.048, representing a 71% increase in the past 24 hours. Previously, it was reported that Bithumb would launch an IRYS-Korean Won trading pair. 52.4% of Monad airdrop claim addresses have sold or transferred all of their quotas. According to Adam's statistics, of the 76,021 wallets that received the Monad airdrop, 39,796 wallets (52.4%) have sold or transferred all of their quotas; 27,133 wallets (35.7%) still hold all of their quotas; 5,728 wallets (7.5%) have sold/transferred more than 50% of their quotas; and 3,364 wallets (4.4%) have sold/transferred less than 50% of their quotas. Arthur Hayes further increased his holdings in ENA, PENDLE, and ETHFI by a total of $1,418,800. According to Onchain Lens monitoring, Arthur Hayes has further increased his holdings of ENA, PENDLE, and ETHFI tokens. In the past 30 minutes, he received 2.01 million ENA (worth $571,600), 218,000 PENDLE (worth $589,800), and 339,900 ETHFI (worth $257,400) from Cumberland. An ancient whale that has interacted with the Ethereum Foundation has purchased 7318.56 ETH on-chain since yesterday. According to on-chain analyst @ai_9684xtpa, an ancient ETH whale who interacted with the Ethereum Foundation 10 years ago is accumulating shares. Starting yesterday, he bought 7318.56 ETH on-chain at an average price of $3016.09, worth $22.07 million. His most recent purchase was 40 minutes ago. He previously sold 12575 ETH at the ETH high on August 9th, at a cost as low as $0.875, and currently still holds 10529 ETH. Edel Finance's affiliated wallet has been accused of "buying up" 30% of the token supply, and its co-founder has denied the allegations. According to Cryptopolitan, blockchain analytics platform Bubblemaps has accused Edel Finance of snapping up 30% of the token supply ($11 million) during its token offering earlier this month. Their report indicates that approximately 160 linked wallets coordinated funding through Binance and MEXC, completing the purchase through a multi-layered new wallet structure before trading began. Half of the tokens were transferred to 100 secondary wallets linked to MEXC. These wallets employed a uniform obfuscation strategy, and the contract code explicitly contained the secondary wallet addresses, proving they were deliberately hidden. Furthermore, Edel failed to disclose this operation on Telegram, Twitter, or in official documents, raising concerns about transparency. Edel co-founder James Sherborne responded that the team planned to acquire 60% of the token supply and then lock it in a vesting contract. However, Bubblemaps countered that their token economics only allowed the team to obtain 12.7% of the tokens through a 36-month vesting plan (including a 6-month lock-up period). Bubblemaps argues that if Edel were sincere, it should have allocated the tokens in advance according to token economics, rather than employing a hiding strategy, questioning the legitimacy of their actions. Edel Finance reportedly aims to bring traditional stocks to on-chain lending, and its team includes former State Street and JPMorgan Chase employees. Investment and Financing/Acquisition The merger of Naver and Upbit will result in approximately $6.8 billion being invested in AI and blockchain technologies. According to The Block, South Korean IT giant Naver and Dunamu, the parent company of cryptocurrency exchange Upbit, plan to invest 10 trillion won (approximately $6.8 billion) over the next five years to build a next-generation financial infrastructure based on the integration of AI and blockchain. On Wednesday, Naver Financial, Naver's fintech arm, confirmed it would acquire Dunamu through a share swap. On Thursday, the two companies held a joint press conference in Seoul, attended by leaders from all three parties. Dunamu President Song Chi-hyung stated that the three companies will jointly build a system to create a "new global framework," expanding their business from payment settlement to the entire financial sector. Naver CEO Choi Soo-yeon stated that the company sees new opportunities at a "critical juncture" in the popularization of blockchain and the transition to AI-powered intelligent agents. Meanwhile, according to BlockMedia, Dunamu CEO Oh Kyung-seok stated that Naver and Dunamu will also begin work on launching a stablecoin pegged to the Korean won. SpaceComputer raises $10 million in seed funding to support secure blockchain computing from space. According to The Defiant, space computing startup SpaceComputer has raised $10 million in seed funding, co-led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. The company plans to build a satellite network to provide secure computing services for blockchain from space. SpaceComputer will use the funds to launch satellites equipped with SpaceTEE secure computing hardware, creating an orbital network that enables privacy-preserving computing and secure record-keeping. Its co-founders stated that the opportunities that space presents for decentralized technology are undeniable, and more and more applications will incorporate space computing layers. Previously, JPMorgan Chase's digital assets division conducted tokenized value transfer tests using low-Earth orbit satellites. The company is known for its satellite tests on SpaceX's Falcon 9 rockets and is currently collaborating with universities such as the Technical University of Munich and Cornell Technology to explore extraterrestrial blockchain computing. Vitalik donated 128 ETH each to Session and SimpleX to support private communications. Ethereum co-founder Vitalik Buterin published an article on the X platform stating that encrypted communication tools like Signal are crucial for protecting user digital privacy. Currently, there are two key directions for advancement in this field: enabling permissionless account creation and ensuring metadata privacy. The instant messaging applications Session and SimpleX are actively exploring these directions. To this end, Buterin donated 128 ETH to each of them. However, Buterin pointed out that these two software programs are still imperfect and have not yet reached the ideal user experience and security performance. He stated, “Achieving strong metadata privacy protection requires decentralization, but decentralization is difficult, and users’ demand for multi-device support adds to the difficulty. At the same time, achieving Sybi/DoS resistance capabilities on the message routing network and the user end (not forcibly relying on mobile phone numbers) further increases the technical difficulty. These complex issues urgently require more professional attention and research.” DWF Labs launches $75 million DeFi investment fund According to The Block, crypto market maker DWF Labs has announced a new $75 million investment fund focused on decentralized finance (DeFi), targeting projects built on Ethereum, BNB Chain, Solana, and Base. This expands DWF's "incubation and venture capital building efforts," specifically seeking to invest in the next wave of founders focused on "solving real structural problems in areas such as liquidity, settlement, credit, and on-chain risk management, rather than incremental improvements to existing protocols." This includes tools such as perpetual DEXs with dark pools, on-chain money markets, and fixed-income or yield-generating products, areas "expected to see significant growth" as liquidity continues to migrate structurally on-chain. The new fund is funded by its own capital and is not currently accepting new investors. Institutional holdings Nasdaq ISE proposes raising the open interest cap for IBIT options to 1 million contracts. According to the Federal Register and several analysts, Nasdaq ISE has proposed raising the option position cap for BlackRock's Bitcoin spot ETF, IBIT, from 250,000 contracts to 1 million contracts. This cap was previously raised from 25,000 contracts in July 2025. Analysts say the proposal sends three significant signals: Surge in demand: ISE states that demand for IBIT options will continue to grow in 2025, and the current cap is limiting large institutional operations; Bitcoin's rise to "elite" status: The 1 million contract cap only applies to global systemic ETFs such as EEM and FXI, indicating that Bitcoin is being viewed as a core macro asset; Unlocking billions of dollars in hedging capacity: The existing 25,000 contract cap only supports approximately $125 million in hedging positions, far from meeting the needs of sovereign wealth funds or pension funds. If the proposal passes, it will open up over $1 billion in option hedging capabilities for them. SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million. According to Onchain Lens, SpaceX has transferred 1,163 BTC to a new address, worth $105.23 million. BlackRock's SIO fund's IBIT holdings have increased to 2.39 million units, a quarterly increase of approximately 14%. According to SEC filings, BlackRock’s Strategic Income Opportunities held 2,397,423 IBIT units as of September 30, worth approximately $155.8 million at the time, an increase of about 14% from the 2,096,447 units filed in June.

Author: PANews

2025/11/27

Exciting Binance Apro Listing: Unlock Your Airdrop Rewards Today

Exciting Binance Apro Listing: Unlock Your Airdrop Rewards Today

BitcoinWorld Exciting Binance Apro Listing: Unlock Your Airdrop Rewards Today Get ready for an exciting development in the crypto space! Binance, one of the world’s leading cryptocurrency exchanges, has just announced its latest token listing that’s creating waves across the digital asset community. The Binance Apro listing represents a significant milestone for both the exchange and cryptocurrency enthusiasts seeking new investment opportunities. What Makes the […] This post Exciting Binance Apro Listing: Unlock Your Airdrop Rewards Today first appeared on BitcoinWorld.

Author: bitcoinworld

2025/11/27

Gate Alpha Launches 116th Airdrop of BLUAI Tokens

Gate Alpha Launches 116th Airdrop of BLUAI Tokens

Gate Alpha announced the launch of its 116th airdrop round on November 27, 2025, benefiting holders of specific points with BLUAI tokens.

Author: coinlineup

2025/11/27

Binance HODLer airdrop launches APRO (AT)

Binance HODLer airdrop launches APRO (AT)

PANews reported on November 27th that Binance announced the official launch of APRO (AT), the 59th HODLer airdrop project. This project is a data oracle protocol that provides real-world information to blockchain networks. Users who subscribe to principal-protected earning products (fixed-term or flexible) or on-chain earning products using BNB between 08:00 on November 4th and 07:59 on November 7th, 2025, will receive an AT airdrop allocation. The AT deposit channel will open at 18:30 on November 27th and trading will commence at 22:00, supporting USDT, USDC, BNB, and TRY trading pairs, and subject to seed tag trading rules. The total supply of AT tokens is 1 billion, of which 2% is allocated to HODLer airdrops and 23% is available for public circulation.

Author: PANews

2025/11/27

Best Altcoins to Buy Now Before the Market Recovers

Best Altcoins to Buy Now Before the Market Recovers

The post Best Altcoins to Buy Now Before the Market Recovers appeared on BitcoinEthereumNews.com. Crypto Presales See the best altcoins to buy now as traders rush into Noomez Stage 5 and watch key large caps build momentum ahead of the next recovery. Many traders are quietly building positions and asking what the best altcoins to buy now really are before the next recovery starts. They are not just chasing old names anymore. They are watching where fresh money is actually moving today. That shift has brought a small group of altcoins back into focus, with one newer project, Noomez, drawing growing attention as its Stage 5 presale fills and the next automatic price jump gets closer. The 7 Best Altcoins to Buy Now Before the Market Recovers 1. Noomez ($NNZ) Noomez continues to pull the strongest attention as Stage 5 of its presale fills at $0.0000230. The project’s structure is the reason traders are moving fast: every stage has a set supply, a strict “sell-out or 7-day” close, and an automatic price increase when the next stage begins. Since the presale went live earlier this month, new wallets have entered at a steady pace, pushing the Noom Gauge higher. Stage 5 also triggers a Stage X Million Airdrop when it closes, and only one wallet wins the prize through a transparent randomizer. With the next stage locking in a higher cost, buyers are trying to secure a cheaper entry before Stage 6 resets the timer again. The rapid movement has positioned Noomez as one of the best altcoins to buy right now. 2. Ethereum ($ETH) Ethereum trades at $2,957 with more than $23 billion in 24-hour trading volume, giving it the deepest liquidity of any altcoin on the market. The chart shows steady rebounds throughout the day, with multiple recoveries off intraday lows and a climb back toward $2,943 before settling near the upper…

Author: BitcoinEthereumNews

2025/11/27

The 7 Best Altcoins to Buy Now Before the Market Recovers: Noomez Token Leads the Pack

The 7 Best Altcoins to Buy Now Before the Market Recovers: Noomez Token Leads the Pack

Many traders are quietly building positions and asking what the best altcoins to buy now really are before the next […] The post The 7 Best Altcoins to Buy Now Before the Market Recovers: Noomez Token Leads the Pack appeared first on Coindoo.

Author: Coindoo

2025/11/27

Binance Alpha will launch on GaiAi (GAIX) on November 29th.

Binance Alpha will launch on GaiAi (GAIX) on November 29th.

PANews reported on November 27th that Binance Alpha will launch GaiAi (GAIX) on November 29th, marking the platform's first foray into the project. Eligible users can claim airdrop rewards using Binance Alpha Points through the Alpha Events page after trading begins.

Author: PANews

2025/11/27

The 2025 On-Chain Transaction Battle: Decoding the Four Major Perp DEXs

The 2025 On-Chain Transaction Battle: Decoding the Four Major Perp DEXs

Written by: @stacy_muur Original title: The Perp DEX Wars of 2025: Hyperliquid, Aster, Lighter, and EdgeX Compiled by: ODIG Invest Amid the major upheaval in the crypto market, perpetual contract DEXs are facing a real clash. Over the past few months, the four major platforms—Hyperliquid, Aster, Lighter, and EdgeX—have engaged in the fiercest competition in terms of growth, news, technological innovation, and institutional strength. Behind the booming trading volume, is it an incentive-driven bubble, or a genuine need for long-term capital investment? This report tracks the latest real-world transaction metrics, risk event performance, revenue data, and ecosystem expansion, attempting to answer a core question: Who are the true on-chain transaction giants who control the future? This report will dissect the truth behind the data. In 2025, the decentralized perpetual contract (Perp DEX) market experienced explosive growth. In October, Perp DEX's monthly trading volume exceeded $1.2 trillion for the first time, attracting widespread attention from retail traders, institutional investors, and venture capital. For most of the past year, Hyperliquid was dominant, peaking at 71% of on-chain perpetual contract transaction volume in May. However, by November, its market share had plummeted to just 20% as new competitors continued to seize market share. Lighter: 27.7% Aster: 19.3% EdgeX: 14.6% Thus, in this rapidly developing ecosystem, four major players have gradually emerged and are vying for enormous industry dominance: Hyperliquid — The veteran king of on-chain perpetual contracts Aster — A rapidly rising dark horse with massive trading volume and constant controversy. Lighter — A disruptor with zero transaction fees and native ZooKeeper. EdgeX — A more low-profile but potentially dark horse targeting institutions This in-depth research will separate the wheat from the chaff, conducting a comprehensive analysis of each platform from aspects such as technology, data, controversies, and long-term sustainability. Part 1: Hyperliquid – The Undisputed King Why was Hyperliquid able to reach the top? Hyperliquid has established itself as the industry-leading decentralized perpetual contract exchange, with a peak market share exceeding 71%. While competitors occasionally grab headlines with explosive growth in trading volume, Hyperliquid remains the structural core of the perp DEX ecosystem. Technical basis: Hyperliquid's dominance stems from a disruptive architectural choice: building a self-developed Layer 1 blockchain specifically for derivatives trading. Its HyperBFT consensus mechanism supports sub-second order finality and a performance of 200,000 transactions per second, comparable to or even surpassing centralized exchanges. Open interest (OI) is the real indicator: While competitors often display impressive 24-hour trading volume figures, the true indicator reflecting the real deployment of funds is the total open interest (OI) – the sum of the value of all perpetual contracts still in operation; trading volume represents activity; open interest (OI) represents the actual investment of funds. According to 21Shares data, in September 2025: Aster accounted for about 70% of the total trading volume, while Hyperliquid once dropped to about 10%. However, this dominance only exists at the level of "trading volume", which is the easiest indicator to be artificially amplified through incentives, commission rebates, market maker rotation, or shakeout activities. Based on the latest 24-hour open interest data: Hyperliquid: $8.014 billion Aster: $2.329 billion Lighter: $1.591 billion edgeX: $780.41 million Total open interest (OI) across the four major exchanges: $12.714 billion Hyperliquid's share: approximately 63%. This means that Hyperliquid holds nearly two-thirds of the open interest on major perpetual contract trading platforms, exceeding the combined total of Aster, Lighter, and edgeX. Open interest market share (24-hour data): Hyperliquid: 63.0% Aster: 18.3% Lighter: 12.5% edgeX: 6.1% This indicator reflects where traders actually keep their funds in overnight positions, rather than where they are simply trading for incentives or frequent turnover. Hyperliquid: A high OI/trading volume ratio (approximately 0.64) indicates that a large volume of trading activity translates into active, sustained positions. Aster & Lighter: Low ratios (around 0.18 and 0.12) indicate frequent trading but relatively little capital remaining in the market, which is typically characterized by incentive-driven trading activity rather than persistent liquidity. Full picture: Trading volume (24 hours) indicates short-term activity. Open interest (24 hours) indicates funds still at risk. OI/Trading Volume (24 hours) shows how much of the activity is driven by real funds and how much by incentives. Based on all OI-based metrics, Hyperliquid is the structural market leader: Highest open interest Largest share of invested funds The OI/transaction volume ratio is the strongest. The total open interest exceeds the sum of the last three platforms. Trading volume rankings may fluctuate, but open interest reveals the true market leader, and that leader is Hyperliquid. Tested: In the October 2025 liquidation event, a total of $19 billion in positions were liquidated, and Hyperliquid maintained perfect online time while handling the massive surge in transactions. Institutional Recognition: 21Shares has submitted its Hyperliquid (HYPE) product application to the U.S. Securities and Exchange Commission (SEC) and has listed the regulated HYPE ETP on the Swiss exchange SIX. Media reports, including those from market tracking platforms such as CoinMarketCap, indicate increasing institutional access to HYPE. The HyperEVM ecosystem is also expanding, although publicly available data has not yet verified specific claims of "180+ projects" or "$4.1 billion TVL". In summary, based on its existing filings, exchange listings, and ecosystem growth reported by tracking platforms such as CoinMarketCap, Hyperliquid demonstrates strong growth momentum and increasing institutional recognition, solidifying its position as a leading DeFi derivatives platform. Part 2: Aster – Explosive Growth and Controversy Aster is a multi-chain perpetual contract exchange that launched in early 2025 with a very clear goal: to provide users with high-speed, high-leverage derivatives trading on BNB Chain, Arbitrum, Ethereum, and Solana without requiring mandatory cross-chain bridging of assets. The project was not built from scratch, but was born from the merger of Asterus and APX Finance at the end of 2024, combining APX’s mature perpetual engine with Asterus’s liquidity technology. Explosive rise: Aster launched on September 17, 2025, with a price of $0.08. In just one week, it surged to $2.42, an increase of 2,800%. At its peak, daily trading volume exceeded $70 billion, and it once dominated the entire perpetual contract DEX market. Binance founder CZ supported Aster through YZi Labs and promoted it on Twitter, triggering a sharp rise in the token's price. In its first 30 days, Aster generated over $320 billion in trading volume and briefly held more than 50% of the perpetual contract DEX market share. DefiLlama removed from shelves: On October 5, 2025, DefiLlama, one of the most trusted data sources in the crypto space, removed Aster's data after discovering that the platform's trading volume was almost identical to Binance's—a perfect 1:1 correlation. Real exchange trading volumes fluctuate naturally. Perfect correlation only means one thing: the data is artificially manipulated. The evidence is as follows: The trading volume pattern is completely consistent with Binance (XRP, ETH, all trading pairs). Aster refused to provide transaction data to verify the authenticity of the transactions. 96% of ASTER tokens are concentrated in just 6 wallets. A volume/open interest ratio exceeding 58 (a healthy ratio should be below 3). ASTER's price immediately dropped 10%, from $2.42 to approximately $1.05. Aster's defense: CEO Leonard claimed that this correlation was merely hedging by "airdrop hunters" on Binance. But if that's the case, why refuse to provide data to prove it? Aster relaunched a few weeks later, and DefiLlama warned: "It's still a black box; we can't verify the data." Actual function: To be fair, Aster does have some real features: 1001x leverage, hidden orders, multi-chain support (BNB, Ethereum, Solana), and yield-generating collateral. It is building the Aster Chain based on zero-knowledge proofs to ensure privacy. But even the best technology cannot mask misleading data metrics. in conclusion: The evidence is as follows: Perfectly related to Binance Refusing transparency = concealing the facts 96% of tokens are concentrated in 6 wallets = centralized control DefiLlama being removed from app stores = damage to reputation Aster extracted enormous value by leveraging CZ's popularity and artificially inflated trading volume, but failed to build genuine infrastructure. It may survive thanks to Binance's support, but its reputation is permanently damaged. For traders: Extremely high risk. You are betting on CZ's narrative, not actual growth. Set tight stop-loss orders. For investors: Avoid. There are too many risk signals; there are better options (such as Hyperliquid). Part 3: Lighter — Technology has potential, data is questionable Technical advantages: Lighter is different. Founded by former Citadel engineers and backed by Peter Thiel, a16z, and Lightspeed (raising $68 million at a $1.5 billion valuation), it uses zero-knowledge proofs to cryptographically verify every transaction. As an Ethereum Level 2 blockchain, Lighter inherits Ethereum's security through an "escape pod" mechanism—if the platform malfunctions, users can retrieve their funds via smart contracts. Application blockchains (Level 1) lack this security guarantee. Lighter launched on October 2, 2025. Within weeks, its TVL reached $1.1 billion. Daily trading volume was $7-8 billion, and it had over 56,000 users. Zero commission = aggressive strategy: Lighter charges 0% commission for both market making and takers. It's completely free. This makes other competing platforms almost unattractive to commission-sensitive traders. The strategy is simple: seize market share through an unsustainable economic model, build user loyalty, and then monetize it. The test on October 11th: Ten days after the mainnet launch, the largest liquidation event in crypto history occurred, with $1.9 billion being liquidated. Highlights: The system handled 5 hours of chaos. LLP provided liquidity as competitors retreated. Problem: The database crashed after 5 hours, and the platform was offline for 4 hours. Bad news: LLP suffered a loss, while Hyperliquid's HLP and EdgeX's eLP made a profit. Founder Vlad Novakovski stated that they had originally planned to upgrade the database on Sunday, but Friday's volatility destroyed the old system first. Trading volume issues: These data clearly show the activity of accumulating points: 24-hour trading volume: $12.78 billion Open interest (OI): $1.591 billion Trading volume/OI ratio: 8.03 *A health level <3 or >5 indicates a suspicious condition, while 8.03 is an extreme case. For reference: Hyperliquid: 1.57 (natural growth) EdgeX: 2.7 (Medium) Aster: 5.4 (Worth watching) Lighter: 8.03 (Points farming behavior) For every $1 a trader invests, only $8 of trading volume is generated—quickly doubling their investment to accumulate points, rather than holding a real position. 30-day data verification: Trading volume of $294 billion vs. cumulative open interest of $47 billion = ratio of 6.25, still too high. Lighter's points program is extremely aggressive. Points will be converted into LITER tokens during a token generation event (TGE, Q4 2025/Q1 2026). The over-the-counter (OTC) market will price the points at $5-$100 or more. Considering the potential airdrop value could be tens of thousands of dollars, the explosive trading volume is understandable. Key question: What will happen after TGE? Will users stay, or will trading volume collapse? summary: Advantages: Elite Technology (Zero-Knowledge Verification Effective) Zero transaction fees = a real competitive advantage Inheriting Ethereum's security Top-notch team and investment support risk: A transaction volume/OI ratio of 8.03 indicates a high likelihood of excessive points farming. LLP suffered losses in stress testing. The 4-hour downtime raises questions. User retention rates after airdrops have not yet been verified. Key differences from Aster: No allegations of wash trading, and it wasn't delisted from DefiLlama. The high percentage reflects aggressive but short-term incentives, not systemic fraud. In summary, Lighter possesses world-class technology, but its metrics are worrying. Can it convert users who farm points into real users? Technically, it's possible, but historical experience suggests it's unlikely. For those who want to rack up points: TGE presents a good opportunity. For investors: It is recommended to wait 2-3 months after TGE to observe whether the trading volume can be sustained. Probability assessment: 40% will become the top three platforms, and 60% will remain points-based reward platforms with excellent technical support. Part 4: EdgeX – Institutionalized Professional Platform Amber Group's advantages: EdgeX operates differently. Originating from the Amber Group incubator, which manages $5 billion in assets, it brings together professionals from Morgan Stanley, Barclays, Goldman Sachs, and Bybit. This isn't a crypto-native team learning finance; rather, it's traditional finance (TradFi) professionals bringing institutional experience to DeFi. Amber's market-making DNA is directly reflected in EdgeX: deep liquidity, tight spreads, and execution quality matching centralized exchanges. Launched in September 2024, the platform has a clear goal: to achieve CEX-level performance without sacrificing self-custody. Built on StarkEx (StarkWare's proven ZK engine), EdgeX can handle 200,000 orders per second with latency below 10 milliseconds, comparable to Binance. Lower transaction fees than Hyperliquid: EdgeX outperforms Hyperliquid in all transaction fees: EdgeX taker percentage: 0.038% vs Hyperliquid percentage: 0.045% EdgeX market maker: 0.012% vs Hyperliquid: 0.015% For traders with a monthly trading volume of $10 million, this can save $7,000–$10,000 annually compared to Hyperliquid. Furthermore, for retail orders (<$6 million), EdgeX offers better liquidity—tighter spreads and less slippage. Real income, health indicators: Unlike Lighter's zero-fee model or Aster's questionable data, EdgeX generates real, sustainable revenue. Current metrics: TVL: $489.7 million 24-hour trading volume: $8.2 billion Open interest (OI): $780 million 30-day revenue: $41.72 million (147% increase from Q2) Annualized revenue: $509 million (second only to Hyperliquid) Trading volume/OI ratio: 10.51 (interesting, but requires further analysis) At first glance, a ratio of 10.51 seems bad, but the context needs to be considered: EdgeX launched with an aggressive points program to drive liquidity. As the platform matured, the ratio has steadily improved. More importantly, EdgeX maintained healthy revenue throughout the process—proving that the platform had genuine traders, not just users who farmed points. October stress test: EdgeX performed exceptionally well during the October 11 crash (when $19 billion was liquidated): Zero downtime (Lighter downtime was 4 hours) eLP vault remains profitable (Lighter's LLP is losing money). Liquidity providers offer an annualized return of 57% (the highest in the industry). At critical moments, eLP (EdgeX Liquidity Pool) demonstrated exceptional risk management capabilities, profiting from extreme volatility while competitors struggled. What makes EdgeX unique: Multi-chain flexibility: Supports Ethereum L1, Arbitrum, and BNB Chain. USDT and USDC are supported as collateral. Cross-chain deposits and withdrawals are supported (Hyperliquid is only available on Arbitrum). Best mobile experience: Official iOS and Android apps (Hyperliquid does not have a mobile app) A clean user interface makes it easy to manage your positions at any time. Asian Market Focus: Strategically entering the Korean and Asian markets through localized support and events like Korea Blockchain Week. Capitalizing on underserved regions while Western competitors vie for the same user base. Transparent Points Program: 60% used for trading volume 20% for recommendations 10% for TVL/Vault 10% used for liquidation/OI The statement explicitly states, "We do not reward wash trading." Indicators also confirm this—trading volume/OI is improving, rather than deteriorating as if it were simply a matter of racking up points. challenge: Market share: Perpetual DEX open interest accounts for only 5.5%. To achieve growth, aggressive incentives (with the risk of wash trading) or significant partnerships are needed. Lacking killer features: The EdgeX performs solidly across the board, but nothing particularly outstanding. It's a "business class" option—comprehensive and reliable, but not revolutionary. Unable to compete on fees: Lighter's zero fees diminish the appeal of EdgeX's "below Hyperliquid" advantage. TGE's launch is later: expected in the fourth quarter of 2025, later than its competitors. It missed the initial hype surrounding the first airdrop. In summary: EdgeX is the choice of professionals—steady excellence over flashy hype. Advantages: Institutional support (Amber Group liquidity) Real revenue (US$509 million annualized) Vault offers the best returns (57% annualized, still profitable during market crashes). Lower transaction fees than Hyperliquid The indicators are clear (no scandals involving manipulation or wash trading). Multi-chain flexibility + Best mobile experience risk: Small market share (OI only 5.5%) The trading volume/OI ratio is 10.51 (although improving, it is still relatively high). Lack of a single killer feature Unable to compete with zero-fee platforms Suitable for: Asian traders seeking localized support Institutional users who need Amber liquidity Conservative traders who focus on proven risk management Mobile-first traders Liquidity providers seeking stable returns In summary, EdgeX is likely to capture 10-15% market share in the Asian market, among institutional and conservative traders. It will not threaten Hyperliquid's dominance, nor does it need to, as it is building a sustainable and profitable market segment. It can be seen as the "Kraken of perpetual contract DEXs"—not the biggest or the most flashy, but stable, professional, and trusted by mature users who value execution quality over hype. For those who farm points: Opportunities are moderate; the market is less crowded than that of competitors. For investors: Small positions are used for diversification. Low risk, low return. Comparative Analysis: The Battle of Perpetual Contract DEXs Trading volume/OI analysis: Industry standard: Health ratio ≤ 3 Hyperliquid: 1.57 indicates a strong organic trading pattern. Aster: 4.74 is relatively high, reflecting a large amount of incentive-driven activity. Lighter: 8.19 High ratio, suggesting points-driven trading. EdgeX: The impact of the points program in version 10.51 is visible, but it is improving. Market share: Open interest distribution: Total Market: Approximately $13 billion in open interest Hyperliquid: 62%, Market Leader Aster: 18%, a strong second place Lighter: 12%, market share is growing. EdgeX: 6%, focusing on niche markets Platform Overview: - Hyperliquid, Mature Leader: Holding a 62% market share, with stable indicators Annualized revenue of $2.9 billion, active share buyback program All community models, reliable performance. Strengths: Market dominance, sustainable economic model Rating: A+ - Aster - High growth, high risk: Deeply integrated with the BNB ecosystem, gaining support from CZ. Facing DefiLlama data issues in October 2025 Multi-chain strategy promotes adoption Advantages: Ecosystem support, retail user coverage Key concern: Data transparency needs to be monitored. Rating: C+ - Lighter, a technology pioneer: Zero-fee mode, advanced ZK verification Backed by top investors (Thiel, a16z, Lightspeed) Performance data is limited prior to TGE (Q1 2026). Advantages: Technological innovation, Ethereum L2 security Key considerations: Business model sustainability, post-airdrop retention rate Rating: Not Completed (Awaiting TGE Performance) - EdgeX, Institutional Focus: Supported by Amber Group, professional-grade execution. Annualized income of $509 million, vault performance stable. Asian market strategy, mobile-first Advantages: Institutional reputation, steady growth Key concerns: Small market share, competitive positioning Rating: B Investment Reference: Trading platform selection: Hyperliquid: Deepest liquidity, proven reliability. Lighter: Zero transaction fees, advantageous for high-frequency traders. EdgeX: Lower transaction fees than Hyperliquid, excellent mobile experience. Aster: Flexible multi-chain architecture, deeply integrated with the BNB ecosystem Token investment timeline: HYPE: Tradeable ASTER: Stay tuned for further developments LITER: TGE anticipates post-launch evaluation metrics in the first quarter of 2026. EGX: TGE anticipates Q4 2025, assessing initial performance. Main conclusions: Market maturity: The perpetual contract DEX sector has become clearly differentiated, with Hyperliquid establishing its dominance through sustainability metrics and community consensus. Growth strategies: Each platform targets different user groups – Hyperliquid (professional traders), Aster (retail/Asian markets), Lighter (technology-oriented), and EdgeX (institutional investors). Key metrics to focus on: The volume/OI ratio and revenue generation provide a clearer picture of platform performance than volume alone. Future Outlook: Lighter and EdgeX's post-TGE performance will determine their long-term competitive position. Aster's future depends on its ability to address transparency issues and maintain ecosystem support.

Author: PANews

2025/11/27

Binance Alpha will list GUA tokens at 4 PM today, with an airdrop threshold of 256 points.

Binance Alpha will list GUA tokens at 4 PM today, with an airdrop threshold of 256 points.

PANews reported on November 27th that Binance Alpha will list SUPERFORTUNE (GUA). Alpha trading will begin on November 27th, 2025 at 16:00 (UTC+8). After trading begins, users holding at least 256 Binance Alpha Points can claim an airdrop of 750 GUA tokens. This is on a first-come, first-served basis. If the event continues, the point threshold will automatically decrease by 5 points every five minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, they will be considered to have forfeited their airdrop.

Author: PANews

2025/11/27

Monad Airdrop Sees Over Half of Tokens Sold

Monad Airdrop Sees Over Half of Tokens Sold

The post Monad Airdrop Sees Over Half of Tokens Sold appeared on BitcoinEthereumNews.com. Key Points: Monad airdrop leads to token sell-offs, affecting market prices. 52.4% of wallets fully liquidated their allocations. Early liquidity marks significant network participation. PANews reported on November 27 that 52.4% of wallets participating in the Monad airdrop sold or transferred their allocations, reflecting immediate liquidity and sell pressure. This large sell-off highlights typical airdrop behavior, impacting Monad’s market stability amid robust early adoption and liquidity on its Layer 1 network. Over 76,000 Wallets Participate in Monad’s Airdrop Monad launched its mainnet on November 24, distributing 3.33 billion MON tokens to roughly 76,021 wallets through a $105 million airdrop. Adam’s statistics indicate that over half of the token holders have already sold or transferred their tokens, intensifying the liquidity in the market. Notably, 52.4% of wallets completely offloaded their MON quotas, while 35.7% maintained their full allocations. The airdrop aimed to decentralize ownership, kickstarting a notable transaction volume on Monad’s new network. While creating significant early liquidity, the high sell-off rate has fueled market volatility, affecting token stability. Arthur Hayes, Co-founder, BitMEX, – “Monad is another low-float, high-FDV layer-1,” acknowledging both its potential and speculative momentum. The quick turnaround of sold tokens signals both an active trader interest and potential challenges for sustaining long-term market development. Potential Price Stability Challenges Amidst High Sell Pressure Did you know? The rapid sell-off of Monad’s airdropped tokens mirrors trends in prior Layer 1 launches, where early holders often liquidate to capitalize on speculative gains, underscoring typical market reactions to large airdrops. CoinMarketCap reports Monad (MON) trading near $0.04, with a market cap exceeding $467.84 million. Despite a trading volume drop of 35.64% in 24 hours, the token recently surged 49.99% across several weeks, reflecting the ongoing volatility post-launch. Monad(MON), daily chart, screenshot on CoinMarketCap at 06:21 UTC on November 27, 2025. Source: CoinMarketCap…

Author: BitcoinEthereumNews

2025/11/27

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